Liquidity mining: June recap

Liquidity mining: June recap

Blog » Liquidity mining: June recap

Carlo P. Las Marias

June 30, 2020 · 1 min read

In the past month, we have continued to see strong participation from miners across all campaigns. Solana's campaign started on May 26, just before the start of the month, and the Mainframe campaign was also launched mid-month. Zilliqa's campaign ended at the end of June, read more about it here: Zilliqa liquidity mining campaign case study.

For a discussion and explanation of some of the metrics we are tracking, please see our blog post - Liquidity mining: April recap.

4-month Summary Statistics

  • Total distinct miners reached 500! Currently, 1,752 total sign-ups, with 500+ distinct miners having participated and earning rewards
  • Filled order volume totaled $3.5mm in week 17, bringing the filled order volume to $56.9 million overall
  • USDC 48,625 cumulative rewards paid out
  • The top 1 miner has earned $6,017.95 rewards in total and the top 2 miner has earned $5,367.58

Number of Distinct Miners

totalminers weeklyminers We saw 25% growth in the number of distinct miners in June. The new campaigns including Solana and Mainframe attracted a lot of new users.

Total Number of Bots

totalbots cumubots

Open Order Volume

Total Value Locked oov cumuoov

Average Amount of Liquidity (Open Order Volume) per Bot usdperbot

Currently approx. $800 of open order volume/liquidity has been created per bot, representing a 17% increase from last month.

Filled Order Volume

fov fov2 fov3

Filled Volume as % of Binance Totals fov4 fov5

Currently, miner filled order volume as percentage of Binance filled order volume is 56%, 13%, 13% and 8% for the MFT, XZC, SOL, and RLC campaigns respectively.

What's Next

We are now in talks with a few new token projects for future liquidity mining campaigns. Additionally, a few exchanges have reached out to us for collaboration in the past month. We plan to start working on onboarding liquidity mining campaigns to KuCoin a couple of sprints later. Stay tuned!

Learn More


For exchanges and projects who would like to learn more about liquidity mining, please contact us at partnerships@hummingbot.io.

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